Bankruptcy

Filing for bankruptcy has many negative effects that last for 7 or more years, ranging from limited financial options, to an inability to obtain credit. Most people only learn about the true pain of these effects while living through them after they have filed for bankruptcy.

A big mistake is often made when people do not get enough advice from credible sources and make bad decisions based on the advice of their enthusiastic bankruptcy attorney, who solicits the benefits of bankruptcy. In turn, the attorney cashes in as their clients file for bankruptcy.